Positions | Today | Yesterday | % Change | |
Longs | 35% | 33% | 5.71% | |
Shorts | 65% | 67% | -3.08% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Buy | Buy | |
RSI (14) | Neutral | Neutral | Neutral | |
Stochastic (5; 3; 3) | Sell | Neutral | Sell | |
Alligator (13; 8; 5) | Sell | Buy | Buy | |
SAR (0.02; 0.2) | Buy | Sell | Buy | |
Aggregate | ⇘ | ⇒ | ⇗ |
The possible movement of the AUD/USD projected on Friday has been confirmed. Basically, the currency pair moved along the parabola, breaking though the 55- and 100-hour SMAs first upwards, then downwards and, thus, repeating the motion on 5 and 6 July. Therefore, there are two assumptions that can be derived from the decreasing range of motion of the pair. Either it has entered into a new descending triangle with slightly shifted upper trend-line, or it has entered in a more neutral symmetrical triangle. In the first case, a breakout towards to the weekly S1 at 0.7553 is expected to happen. In the second case, the pair might equally surge to the unattainable weekly PP at 0.7624, or fall to the above weekly S1. Therefore, it is recommendable to watch this pair a little bit longer to have more ideas about the direction it tries follow.